On this episode of stock movers: Advanced Micro Devices (AMD) rallied 9% after the chipmaker predicted accelerating sales growth over the next five years, driven by strong demand for its data center products. Cisco (CSCO) traded higher after hours after the largest maker of machines that run computer networks and the internet, gave an upbeat sales forecast, showing progress in its effort to capture more artificial intelligence spending. On Holding (ONON) climbs after the Swiss sneaker brand boosted its sales forecast for the year after better-than-expected third-quarter results in which consumers in Europe and Asia snapped up the Swiss sneaker maker’s high-priced footwear.. See omnystudio.com/listener for privacy information.
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Scarlet Fu, Tim Stenovec and Carol Massar.On this episode of Stock Movers:- Delta Air Lines (DAL) said mandated flight cuts that snarled US air travel caused a significant financial impact, though the carrier expects a return to normal during the typically bustling Thanksgiving holiday if the government shutdown ends this week.- AMD (AMD) shares rise after the company said annual revenue growth will average more than 35% over the next three to five years. The total AI chip market, including accelerators, processors and networking products, will reach $1 trillion by 2030, AMD CEO Lisa Su said.- Paramount-Skydance (PSKY) shares are down after Democratic Reps. Jamie Raskin and Frank Pallone Jr. write to Paramount Skydance CEO David Ellison asking that the company comply with an investigation into the Paramount-Skydance merger.See omnystudio.com/listener for privacy information.
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On Holding Climbs, Advanced Micro Devices Rallies, Black Rock Coffee Bar Drops on Outlook
On this episode of Stock Movers:- On Holding (ONON) shares climbed as much as 28%, the most intraday since March 2023, after the Swiss sneaker brand boosted its sales forecast for the year after better-than-expected third-quarter results. - Advanced Micro Devices (AMD) rallies as much as 11% on Wednesday, in biggest intraday jump since Oct. 8, after the semiconductor company projected accelerating sales growth over the next five years. Analysts are positive about the forecast and see “material upside” to current estimates. - Black Rock Coffee Bar (BRCB) shares drop after the operator of drive-thru coffee bars announced its first earnings report since going public in September. The company also gave an outlook for the full year.See omnystudio.com/listener for privacy information.
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AMD Rises, Cisco Gains, JPMorgan Edges Higher After News of Trump Dinner
On this episode of Stock Movers:- AMD (AMD) shares rise after the company said annual revenue growth will average more than 35% over the next three to five years. The total AI chip market, including accelerators, processors and networking products, will reach $1 trillion by 2030, AMD CEO Lisa Su said.- Cisco (CSCO) shares gain after the company said results last quarter showed sales from AI projects picking up, and it has partnered with Nvidia Corp. to speed deployment of AI systems. Shares are up more than 20% this year, but prices are still below their peak in the dot-com era .- JPMorgan (JPM) shares edge higher after news that President Donald Trump will host financial industry executives for dinner at the White House, an effort to bring the country's business elite behind his policies.See omnystudio.com/listener for privacy information.
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AMD Rallies; On Holding Climbs; Sweetgreen in the Green
n this episode of Stock Movers:- Advanced Micro Devices (AMD) shares rallied in premarket trading after Nvidia's closest rival predicted accelerating sales growth over the next five years, driven by strong demand for its data center products. Annual revenue growth will average more than 35% over the next three to five years, Chief Executive Officer Lisa Su said Tuesday at a company event in New York. She added that AMD’s AI data center revenue will increase by an average of 80% over the same period.- Swiss sneaker maker On Holding (ONON) climbed in early trading after the company boosted its sales and earnings forecasts for the year after a better-than-expected third quarter. The Roger Federer-backed company now sees revenue growing 34% this financial year on a constant currency basis, above analyst estimates and three percentage points higher than its previous target. That new goal translates to net sales of 2.98 billion Swiss francs ($3.7 billion) at current spot rates, it said Wednesday.- Shares of Sweetgreen (SG) soared in early trading after the restaurant chain was added to Citi's 90-day positive catalyst watch. Citi analyst Jon Tower says he expects sales to improve off lows with the US government "likely to reopen in the coming weeks.”See omnystudio.com/listener for privacy information.
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